Things That Matter

We Ranked The 11 Best Latin American Countries To Start A Business

Entrepreneurship is on the rise throughout the world. Changing economic landscapes everywhere and people wanting a more flexible lifestyle make this an attractive option. Are you among the many who have your eye toward starting your own business? You may have thought about opening one in the United States or in a large, well-known manufacturing country like Singapore. But, have you ever considered that Latin America might have exactly what you need to start your business? If you haven’t, you’re missing out. We took the guesswork out for you by ranking the 11 best Latin American countries to start a business.  Some of these may surprise you.

11. Guatemala

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Guatemala offers simplicity at its finest. Have you started a business in the United States or at least learned a bit about how businesses are run in the U.S.? If so, it won’t be much of a stretch to start a business in Guatemala.  Don’t like red tape? Lucky for you, there is an established legal framework in Guatemala.

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Rules are clearly defined and give benefits similar to those you would find in the U.S. with a Limited Liability Company (LLC). In Guatemala, they’re called Sociedades Anonimas (SAs). They are not only popular for defining your business and picking and using its name but also for getting your hands on property in Guatemala.

10. Dominican Republic

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Growth, growth, growth! The Dominican Republic has so much to offer, starting with its increasing economic stability due to its attractiveness to foreign investors. It ranks in the world’s top five for Free Zones. You might be thinking, “What makes the Dominican Republic a Free Zone and why should I care?” Well, a free zone has significantly fewer taxes and even offers a variety of exemptions for new businesses.

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Some might even call the Dominican Republic a “tax haven.” In the Dominican Republic, production and labor costs are low, there is easy access to transport and shipping and, as mentioned above, there are significant tax benefits.

9. El Salvador

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Low starting costs, easy currency and another bastion of free zones. What more could you want? In El Salvador, you only need about $100 USD, two shareholders, and a director to incorporate and set up shop.

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Like in the Dominican Republic, you can capitalize on El Salvador’s Free Zones. Who doesn’t want lower taxes?

8. Argentina

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Argentina has had quite the turnaround over the last few years. This is like your favorite underdog story. While Argentina had a major economic and political crisis in the early 2000s, changes to its country’s leadership and its trade processes have made it a great place to start a business. While not as cheap as starting a business in El Salvador, your pocketbook won’t feel too light in Argentina.

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You can start your business with around $300 USD That very small amount lets you reap great rewards. Just some of the rewards you get for your investment are a highly skilled labor force at low costs, minimal taxes due to the country’s free zones and a highly collaborative entrepreneurial spirit.

7. Brazil

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Brazil is an up-and-comer. It is already the sixth largest economy in the world and poised to become the fifth in the next couple of decades. Access to rich mineral resources including self-sufficiency in oil makes it a boon for investors. Innovation is the name of the game, along with smart partnerships. Brazil has partnered with the United States on five core themes: innovation and green technology, trade facilitation, business development, standards, and metrology, as well as intellectual property cooperation.

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Money talks and, here, like several other countries on this list, you pay less money in taxes and get great rewards. The country is also considered a low risk for investments. With fewer natural disasters, a low cost of living and s a well-diversified economy while boosting a stable democracy makes Brazil something extra special.

6. Colombia

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Tourism is where it’s at in Colombia. Colombia ranked No. 2 in places to visit in the New York Times article “52 Places to go in 2018,” along with attention in several other pieces on hot spot destinations. There are many opportunities to bask in the success of the tourism industry with your own business.

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You might consider investing as a tour operator or in running a luxury spa. It also benefits from strong ties to the United States.

5. Peru

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While most of the attention goes to Chile, Costa Rica, and Mexico when it comes to starting a business, Peru won’t be left behind. It has one of the world’s fastest-growing economies and very low inflation.

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Commodity pricing is growing and going strong, especially in the mining industry. You won’t want to be left behind either, so consider Peru for your next business investment.

4. Mexico

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Who doesn’t love a short wait time? In Mexico, it only takes about eight days to get your business up and running. It also ranks among the top 30 percent of the world’s countries for regulatory performance. Making a bunch of legislative reforms means that there is an ever-increasing number of businesses, but also an ever-increasing opportunity to start one.

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Mexicans have a relatively easy time getting credit which means more opportunity for them to spend money with you.

3. Uruguay

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Small, but mighty, Uruguay is often overlooked when it comes to starting a business, primarily due to its size. That is a big mistake, though. Extreme poverty is very low, it has the largest middle-class of any Latin American country (about 60 percent).

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The infrastructure and education also make it a highly sought after place for investment.  The three major industries are agriculture, service, and industry.

2. Costa Rica

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Costa Rica is the land of “La Pura Vida.” Costa Rica is a pioneer in eco-tourism and is the only tropical country in the world to succeed in reversing deforestation. The country has no military. Invest in people and infrastructure instead of weapons? Seems like a good idea.

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If Costa Rica’s economic success on the world’s stage is any indication, it sure is. Access to universal healthcare and a stable region means there is an ever-growing retirement community flocking there as well. What an opportunity!

1. Chile

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Progressive Trade Deals and a low tax rate are certainly enticing. Moreover, Chile is ranked highly for the ease of doing business, But, it wasn’t always that way. There were some challenges that are being addressed. Moving to an online system (isn’t everybody?) means less red tape and a quicker turnaround. Who wants to have to bring all their records in a sealed envelope and wait in line? The country has also stood up for business, including small business.

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They have enacted reforms for stricter contract enforcement. Chile has worked hard to get to its number one spot. It’s enacted many reforms over the years with an eye toward an improved business climate. Chile’s lofty goals are creating jobs, becoming a more competitive economy and stimulating domestic investment.

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These Were The Moments That Defined Latin America In 2020 That Weren’t About COVID-19

Things That Matter

These Were The Moments That Defined Latin America In 2020 That Weren’t About COVID-19

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2020 will easily go down in manny of our memories as the year that just wouldn’t stop. As the year started, it all seemed to be sort of fine as the world came together to battle record-breaking Australian bushfires and worked to hopefully contain an outbreak of a strange new virus in China.

However, as the year comes to a close things have gone de mal a peor for the world in general, but for the Latino population in the United States and Latin America as a region in particular. Though it’s hard to realize just how much we all witnessed and experienced since so much of what happened seems like it was a lifetime ago.

Here’s a look back at some the defining moments from 2020 across Latin America.

Jennifer Lopez and Shakira kicked off the year hopeful with a history-making performance at the Super Bowl.

Yes, believe it or not, this happened in 2020. The pair put on what many have called the best half time show in Super Bowl history. They were also joined by J Balvin and Bad Bunny.

Bolivia’s Evo Morales was forced into exile, only to return to the country in November.

After being forced into exile at the end of 2019 for attempting to illegally run in upcoming presidential elections, Morales spent a year abroad – first in Mexico and then in Argentina.

Mexico’s President AMLO made his first trip abroad to visit Donald Trump at the White House.

Mexico’s President Andres Manuel Lopez Obrador is a staunch populist and has long said his primary focus is domestic policy within Mexico. Therefore, despite two years in office, AMLO hadn’t left Mexico once. So it came as a surprise when his first trip abroad was a visit to the U.S. leader who had long disparaged Mexico, the government, and Mexicans – not to mention his trip came in the middle of a global pandemic.

Migrant caravans continued to make their way towards the U.S. despite interference from Mexico and Covid-19.

Migrants attempting to make their way to the U.S. isn’t unique to 2020. For decades, migrants have long banded together for safety in numbers along the treacherous journey to the north. However, they became larger and better organized in 2020, perhaps owing to the new dangers of Mexican interference.

Mexico’s AMLO vowed to stop migrants from reaching the U.S.-Mexico border, adhering to Trump’s request. It was also noteworthy because the caravans continued despite the Covid-19 crisis, which has hit the region particularly hard.

Peru saw three presidents in the span of a few weeks after massive protests.

Peru is facing one of the greatest crises the nation has faced. Just as the country seemed to be emerging from the worst of its battle against the Covid-19 pandemic, the country has entered a severe political crisis.

The country’s elected president, Martin Vizcarra, was impeached and removed from office. His predecessor responded with a heavy hand to the protests that ensued resulting in his resignation less than 24 hours later. The government then had to find someone willing to take the job which proved to be a tough sell.

In fact, massive protests swept across Latin America.

From Mexico in the north to Cuba in the Caribbean and Chile in the south, protests were seen all across the region. Although each movement had it’s own stated goal and objectives, many were largely borne out of the same purpose: to fight back against corruption.

Brazil’s President Jaír Bolsonaro tested positive for Covid-19 but it did nothing to change his approach to the pandemic.

Jaír Bolsonaro has long been compared to Donald Trump, with many calling him the Donald Trump of South America. The two were also strongly aligned in their responses to the Coronavirus pandemic, with the pair largely downplaying the severity of the crisis.

Then, Bolsonaro became infected with the virus and many hoped it would change his view on the crisis. It didn’t.

A growing feminist movement developed in Mexico, demanding protection from a shocking rise in violence against women.

Mexico has long been battling endemic violence and the country has continued to see record-setting rates of homicides. But it was the growing rate of violence against women, particularly femicide, that gained national attention.

Women banded together and started large nationwide protests. Over the summer, women in the capital of Mexico City occupied government buildings and destroyed many of the city’s most popular monuments to hopefully get their message across. Although the movement has gained more recognition by Mexicans, the government has still failed to address their concerns. Let’s hope things are different in 2021.

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In A Post-Covid World, Here Is Where You All Said Want To Travel

Culture

In A Post-Covid World, Here Is Where You All Said Want To Travel

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Covid put a stop to our travel plans for 2020. After almost a year in lockdown, we have had time to plan fantasy trips and explore the world. We asked you where you wanted to visit and here are some of the places you all can’t wait to see.

Argentina

Argentina offers something for everyone. As on of the southernmost countries in the world, Argentina offers natural sights that will make nature lovers swoon. Into architecture? Cities like Mendoza offers a look at the art-deco style that will make you feel like you are back in time. Don’t forget to try to make a trip down to Ushuaia, the End of the World for a spectacular view.

Cuba

Cuba is a tricky one but a beautiful place to see. The country is filled with old buildings and cars that make it feel like a time capsule. Now, the island is old because they are oppressed and don’t have much. But you can always find ways to make sure that you help people of the island instead of giving the money to government approved businesses.

Costa Rica

This is about as wild and wondrous as it gets. Costa Rica will give everyone a chance to really be one with nature. The Central American country is a rainforest oasis with nature everywhere you look. The country prides itself on how development is not encroaching on nature and has even outlawed zoos and aquariums.

Honduras

Honduras is an underestimated place to visit. The food and people are warm and inviting. There has been some unrest in the country in recent years and a series of hurricanes has devastated the population. Tourism is a great way to bring money into a place the needs it. Just don’t take advantage of them while you are there.

Mexico

Mexico is a country filled with wonders new and old. You can experience the ruins of some of the oldest civilizations and bask in the modernity of Mexico City. The food is as diverse and vibrant as the people with delicious moles in Oaxaca and experimental fusions in Mexico City. Valle de Guadalupe is home to some farm to table restaurants and exquisite wineries. It truly is a journey of the sense if you take time to see the country.

Colombia

Colombia is one of South America’s gems. After years of internal conflict, the nation is growing and quickly becoming a destination. Bogotá and Medellín are great but make it a point to visit Cali. The city is one of the place everyone should visit if they make their way to Colombia.

READ: Mexico Announces 11 New Pueblos Mágicos And It’s The Post-COVID Travel Lust We All Need Right Now

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